Treasury loss reduced in wake of durables data

RachelKoning

CHICAGO (CBS.MW) -- The benchmark 10-year Treasury note scratched back to even in the wake of data showing durable goods orders were unexpectedly flat last month. The 10-year note was unchanged, yielding 4.08 percent. Prices declined earlier as the market readied for a 2-year note auction Thursday and the Fed's statement due Wednesday afternoon. The central bank panel is not expected to change its 1 percent target interest rate.

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